Wanting again: The autumn of crypto large Sam Bankman-Fried


Sam Bankman-Fried, disgraced co-founder of the now-defunct cryptocurrency change FTX, was sentenced to 25 years in jail on Thursday for his half in defrauding prospects of billions of {dollars}.

Lewis A. Kaplan, senior decide of america District Courtroom for the Southern District of New York, delivered Bankman-Fried the sentence in federal courtroom on Thursday, in response to Bloomberg. This choice concludes what has arguably been probably the most distinguished case within the crytpo business — and its most infamous.

“I do know lots of people really feel actually let down,” Bankman-Fried stated at his sentencing listening to Thursday morning in decrease Manhattan. “I am sorry about that. … I am sorry about what occurred at each stage.”

Under are examples of American Banker and outdoors reporting detailing Bankman-Fried’s affect on the banking business.

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